The Cheesecake Factory Incorporated (CAKE) financial statements (2021 and earlier)
Company profile
| Business Address |
26901 MALIBU HILLS RD CALABASAS HILLS, CA 91301 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 5812 - Eating Places (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 154 | 58 | 27 | 6 | 54 | 44 | ||
| Cash and cash equivalents | 154 | 58 | 27 | 6 | 54 | 44 | ||
| Receivables | 37 | 30 | 21 | 35 | 16 | 33 | ||
| Inventory, net of allowances, customer advances and progress billings | 39 | 47 | 39 | 43 | 35 | 34 | ||
| Inventory | 39 | 47 | 39 | 43 | 35 | 34 | ||
| Prepaid expense | 35 | 44 | 41 | 58 | 52 | 42 | ||
| Other undisclosed current assets | 76 | 65 | 68 | 68 | 65 | 73 | ||
| Total current assets: | 341 | 245 | 195 | 209 | 221 | 225 | ||
| Noncurrent Assets | ||||||||
| Operating lease, right-of-use asset | 1,251 | 1,241 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 774 | 832 | 913 | 935 | 910 | 892 | ||
| Long-term investments and receivables | 80 | |||||||
| Long-term investments | 80 | |||||||
| Intangible assets, net (including goodwill), including: | 253 | 437 | 26 | 24 | 23 | 22 | ||
| Goodwill | 1 | 78 | ||||||
| Intangible assets, net (excluding goodwill) | 253 | 26 | 24 | 23 | 22 | |||
| Other undisclosed intangible assets, net (including goodwill) | (1) | 359 | ||||||
| Prepaid expense | 35 | 39 | 42 | 47 | ||||
| Other noncurrent assets | 127 | 86 | 65 | 126 | 97 | 47 | ||
| Total noncurrent assets: | 2,406 | 2,596 | 1,119 | 1,124 | 1,072 | 1,008 | ||
| TOTAL ASSETS: | 2,747 | 2,841 | 1,314 | 1,333 | 1,293 | 1,233 | ||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 269 | 299 | 244 | 234 | 223 | 350 | ||
| Accounts payable | 58 | 62 | 49 | 51 | 42 | 48 | ||
| Accrued liabilities | 210 | 237 | 194 | 183 | 179 | 302 | ||
| Taxes payable | 1 | 2 | ||||||
| Deferred revenue | 185 | 188 | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 133 | 128 | ||||||
| Self insurance reserve | 10 | 9 | ||||||
| Other undisclosed current liabilities | 162 | 155 | 154 | |||||
| Total current liabilities: | 586 | 615 | 417 | 398 | 377 | 350 | ||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 1,504 | 1,480 | 10 | 10 | ||||
| Long-term debt, excluding current maturities | 280 | 290 | 10 | 10 | ||||
| Operating lease, liability | 1,224 | 1,190 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 150 | 174 | 203 | 203 | 213 | 207 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 75 | 72 | 73 | ||
| Deferred rent credit | 80 | ✕ | ✕ | ✕ | ||||
| Deferred tax liabilities, net | ✕ | ✕ | 52 | 57 | 82 | 83 | ||
| Deferred income tax liabilities | 34 | ✕ | ✕ | ✕ | ✕ | |||
| Other liabilities | 150 | 141 | 72 | 71 | 59 | 51 | ||
| Other undisclosed noncurrent liabilities | 113 | |||||||
| Total noncurrent liabilities: | 1,654 | 1,654 | 327 | 213 | 213 | 207 | ||
| Total liabilities: | 2,240 | 2,269 | 743 | 611 | 590 | 557 | ||
| Temporary equity, carrying amount | 218 | |||||||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent | 289 | 572 | 571 | 614 | 603 | 589 | ||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Treasury stock, value | (1,697) | (1,693) | (1,642) | (1,533) | (1,410) | (1,263) | ||
| Additional paid in capital | 878 | 856 | 829 | 800 | 774 | 710 | ||
| Accumulated other comprehensive loss | (4) | (0) | (1) | (0) | ||||
| Retained earnings | 1,110 | 1,408 | 1,384 | 1,346 | 1,238 | 1,141 | ||
| Total stockholders' equity: | 289 | 572 | 571 | 614 | 603 | 589 | ||
| Other undisclosed liabilities and equity | 109 | 101 | 88 | |||||
| TOTAL LIABILITIES AND EQUITY: | 2,747 | 2,841 | 1,314 | 1,333 | 1,293 | 1,233 | ||
Income statement (P&L) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 1,983 | 2,483 | 2,332 | 2,261 | 2,276 | 2,101 | |
| Revenue, net | ✕ | ✕ | ✕ | 2,261 | 2,276 | 2,101 | |
| Cost of revenue | (1,424) | (1,558) | (1,474) | (1,394) | (1,367) | (1,275) | |
| Cost of goods and services sold | (458) | (562) | (533) | (519) | (527) | (504) | |
| Gross profit: | 559 | 925 | 858 | 867 | 908 | 825 | |
| Operating expenses | (907) | (821) | (739) | (714) | (707) | (660) | |
| Operating income (loss): | (347) | 104 | 119 | 153 | 201 | 165 | |
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (12) | (6) | (9) | (6) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | (347) | 104 | 107 | 146 | 192 | 159 | |
| Income from equity method investments | 39 | ||||||
| Other undisclosed loss from continuing operations before income taxes | (9) | (2) | |||||
| Income (loss) from continuing operations before income taxes: | (356) | 140 | 107 | 146 | 192 | 159 | |
| Income tax expense (benefit) | 103 | (13) | (8) | 11 | (52) | (43) | |
| Net income (loss) attributable to parent: | (253) | 127 | 99 | 157 | 139 | 117 | |
| Preferred stock dividends and other adjustments | (13) | ||||||
| Other undisclosed net loss available to common stockholders, basic | (10) | ||||||
| Net income (loss) available to common stockholders, diluted: | (277) | 127 | 99 | 157 | 139 | 117 | |
Comprehensive Income ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | (253) | 127 | 99 | 157 | 139 | 117 | |
| Comprehensive income (loss): | (253) | 127 | 99 | 157 | 139 | 117 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (3) | 1 | (1) | (0) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (257) | 128 | 98 | 157 | 139 | 117 | |
Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.